Real Estate News

Mass housing developers in the Federal Capital Territory who failed to comply with the statutory requirements for their development or defaulted in payments would soon face the long arm of the law. The chairman, Special Presidential Investigation Panel for Recovery of Public Property, Chief Okoi Obono-Obla, gave this indication yesterday in Abuja when he visited the FCT minister Muhammad Musa ...

Lagos State Urban Renewal Agency (LASURA) has said that majority of low-income earners in Lagos cannot afford house rent of more than N11,000. LASURA General Manager, Lateef Solebo, disclosed this on Thursday at an interactive session on ‘Achieving Affordable Housing in Lagos’ at the public screening of a documentary drama entitled ‘Kelechi’s Quest’. The documentary drama was scripted by Nollywood ...

Itesiwaju Local Government Chairman Hon. Niyi Adeagbo has on Wednesday, donated a sum of N100,000 Cash to National Union of Teachers (NUT), ITESIWAJU Chapter as part of the Local government’s contribution to facilitate the construction of its Secretariat. Adeagbo announces the donation to the Branch Chairman of the Union, Comrade S.O Olaoti and his Secretary, Comrade M.O Bolaji respectively when ...

No fewer than nine persons were feared dead on Tuesday in an accident involving a Mercedes-Benz Marcopolo bus and an Iveco truck at Aseese area on the Lagos-Ibadan expressway. Mr. Clement Oladele, Ogun Sector Commander, Federal Road Safety Corps (FRSC), confirmed the figure to a news correspondent  in Abeokuta. READ ALSO: FRSC records 145 road crashes in Adamawa, 65deaths, 328 ...

Governor Kayode Fayemi of Ekiti state has approved N200 million to take care of car and housing loans request by teachers, which were pending at the state’s ministry of education. Reports show that Fayemi, who gave the approval on Wednesday, October 24, also directed the permanent secretary in the ministry of education to put in necessary documents for the commencement ...

A 34-year-old unemployed man, Ikemefuna Anyaka, who allegedly set fire on his father’s property worth N10.8 million, on Wednesday appeared in an Ikorodu Magistrates’ Court in Lagos State. Anyaka is facing a three-count charge bordering on willful damage and threat to life. The accused, however, pleaded guilty to the charges leveled against him. Following his guilty plea, the Chief Magistrate, ...

A Lagos State High Court has certified a suit filed by a resident, Owolabi Rotimi, against the state, challenging the Land Use Charge (LUC) 2018, as a class action. Justice B. Oke-Lawal granted an order certifying the suit as a class action for the applicant and “all other recipients of the annual bill for Land Use Charge 2018 issued by ...

ABUJA – The Federal Capital Territory Administration (FCTA) is planning to remove all structures contravening FCT land use Act in Grarinpa as the only option left to maintaining the sanctity of the Abuja master plan. The FCTA through its Abuja Metropolitan Management Council (AMMC) had since commenced site inspection and marking of all contravening structures in Gwarinpa. Structures marked for ...

In its renewed efforts to provide viable solutions to the myriad problems of confronting the housing sector, the Association of Housing Corporations of Nigeria (AHCN) has concluded arrangement to stage a two-day National Workshop on Housing As Veritable Tools For Economic Recovery. The event will provide a forum for careful consideration of the challenges of housing deficit and affordability issues ...

A 35-year-old businessman, Prince Chinonso, was on Tuesday docked in a Kuje Upper Area Court, Abuja, for allegedly buying stolen property worth N287, 000. Chinonso, who resides at Paseli area of Kuje, is facing a two-count charge of receiving stolen property and conspiracy. The prosecutor, Mary Olagunkoye, told the court that the complainant, Mark Solomon, of Kuchiyako area, reported the ...